Second Growth Inc
Second Growth Inc. shows revenue growth but faces recurring deficits and fluctuating assets.
EIN: 20519093 · Hanover, NH · NTEE: I21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $456K |
| Total Expenses | $434K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $376,309 |
| Net Assets | $28K |
| Transparency Score | 70/100 |
Is Second Growth Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Second Growth Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Second Growth Inc
Second Growth Inc (EIN: 20519093) is a nonprofit organization based in Hanover, NH, classified under NTEE code I21. The organization reported total revenue of $456K and total assets of $70K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Growth Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Growth Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $376K |
| Total Expenses | $434K |
| Surplus / Deficit | $-57,855 |
| Total Assets | $36K |
| Total Liabilities | $8K |
| Net Assets | $28K |
| Operating Margin | -15.4% |
| Debt-to-Asset Ratio | 21.2% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2023, Second Growth Inc reported a deficit of $58K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 21.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Second Growth Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.2% | +49.3% | -61.7% |
| 2022 | +23.0% | +25.8% | +48.2% |
| 2021 | +19.1% | +9.7% | +2.3% |
| 2020 | +29.0% | +9.4% | +79.7% |
| 2019 | -34.9% | -30.6% | -26.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Second Growth Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Second Growth Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with revenues reaching $376,309 in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Second Growth Inc's IRS 990 filings:
- Recurring deficit spending (e.g., 2023 expenses $434,164 vs. revenue $376,309)
- Significant fluctuation and recent decline in assets (from $93,710 in 2022 to $35,855 in 2023)
- Lack of substantial financial reserves given the operational scale
Strengths
The following positive indicators were identified for Second Growth Inc:
- Consistent revenue growth over the past decade (from $190,558 in 2015 to $376,309 in 2023)
- 0% officer compensation reported across all filings, indicating high efficiency in this area
- Assets consistently exceed liabilities, demonstrating solvency
Frequently Asked Questions about Second Growth Inc
Is Second Growth Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Second Growth Inc (EIN: 20519093) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Second Growth Inc spend its money?
Second Growth Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Second Growth Inc tax-deductible?
Second Growth Inc is registered as a tax-exempt nonprofit (EIN: 20519093). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Second Growth Inc CEO make?
Second Growth Inc's highest-compensated officer earns $376,309 annually. The organization reported $456K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Second Growth Inc's spending goes to programs?
Second Growth Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Second Growth Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Second Growth Inc is above average for NTEE category I21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Second Growth Inc located?
Second Growth Inc is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20519093. It is classified under NTEE code I21.
How many years of IRS 990 filings does Second Growth Inc have?
Second Growth Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $456K in total revenue.
Is Second Growth Inc. financially stable?
Second Growth Inc. has experienced periods of financial instability, with expenses exceeding revenue in several years, including 2023 ($434,164 expenses vs. $376,309 revenue). This has led to fluctuating asset levels and suggests a need for stronger financial reserves and consistent surplus generation.
How has Second Growth Inc.'s revenue trended?
Second Growth Inc. has shown a positive revenue growth trend over the past decade, increasing from $190,558 in 2015 to $376,309 in 2023, indicating growing support or demand for its services.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a strong commitment to directing all funds towards its mission rather than executive salaries.
Are the assets sufficient to cover liabilities?
As of 2023, assets were $35,855 and liabilities were $7,609, indicating that assets are sufficient to cover liabilities. However, the asset base has decreased significantly from $93,710 in 2022.
Filing History
IRS 990 filing history for Second Growth Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Second Growth Inc's revenue has grown by 31.5%, moving from $286K to $376K. Total assets decreased by 25.8% over the same period, from $48K to $36K. Total functional expenses rose by 61.7%, from $268K to $434K. In its most recent filing year (2023), Second Growth Inc reported a deficit of $58K, with expenses exceeding revenue. The organization holds $8K in liabilities against $36K in assets (debt-to-asset ratio: 21.2%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $376K | $434K | $36K | $8K | — | — |
| 2022 | $321K | $291K | $94K | $8K | — | View 990 |
| 2021 | $261K | $231K | $63K | $8K | — | View 990 |
| 2020 | $219K | $211K | $62K | $36K | — | View 990 |
| 2019 | $170K | $193K | $34K | $18K | — | View 990 |
| 2018 | $261K | $277K | $47K | $8K | — | View 990 |
| 2017 | $239K | $264K | $63K | $8K | — | View 990 |
| 2016 | $230K | $200K | $89K | $8K | — | View 990 |
| 2015 | $191K | $207K | $52K | $728 | — | View 990 |
| 2014 | $206K | $183K | $68K | $0 | — | View 990 |
| 2013 | $213K | $213K | $45K | $0 | — | View 990 |
| 2012 | $148K | $153K | $44K | $0 | — | View 990 |
| 2011 | $286K | $268K | $48K | $170 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $376K, expenses of $434K, and assets of $36K (revenue +17.2% year-over-year).
- 2022: Revenue of $321K, expenses of $291K, and assets of $94K (revenue +23.0% year-over-year).
- 2021: Revenue of $261K, expenses of $231K, and assets of $63K (revenue +19.1% year-over-year).
- 2020: Revenue of $219K, expenses of $211K, and assets of $62K (revenue +29.0% year-over-year).
- 2019: Revenue of $170K, expenses of $193K, and assets of $34K (revenue -34.9% year-over-year).
- 2018: Revenue of $261K, expenses of $277K, and assets of $47K (revenue +9.3% year-over-year).
- 2017: Revenue of $239K, expenses of $264K, and assets of $63K (revenue +4.1% year-over-year).
- 2016: Revenue of $230K, expenses of $200K, and assets of $89K (revenue +20.5% year-over-year).
- 2015: Revenue of $191K, expenses of $207K, and assets of $52K (revenue -7.3% year-over-year).
- 2014: Revenue of $206K, expenses of $183K, and assets of $68K (revenue -3.7% year-over-year).
- 2013: Revenue of $213K, expenses of $213K, and assets of $45K (revenue +43.9% year-over-year).
- 2012: Revenue of $148K, expenses of $153K, and assets of $44K (revenue -48.1% year-over-year).
- 2011: Revenue of $286K, expenses of $268K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Growth Inc:
Data Sources and Methodology
This transparency report for Second Growth Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.